Capital City Bank Group, Inc. Reports Third Quarter 2026 Results

Lower credit-loss provisioning and wider interest margins accompanied weaker fee income and smaller loan balances.

Rhea-AI Summary

Capital City Bank Group (CCBG) reported third-quarter 2026 net income attributable to common shareowners of $16.9 million, above both comparison quarters. Diluted earnings per share were $0.99, versus $0.95 in the second quarter and $0.93 a year earlier. Tax-equivalent net interest income reached $45.1 million, compared with $44.2 million and $43.6 million, respectively. Net interest margin rose to 4.42%.

A $0.1 million credit-loss provision benefit replaced expenses in both comparison quarters. Nonperforming assets fell to $9.7 million from $13.4 million at June 30. Noninterest income declined 5.9% sequentially to $19.4 million, while noninterest expense fell 0.8% to $42.3 million. Quarter-end loans held for investment declined 0.4% from June 30. Deposits fell 1.5% to $3.667 billion; the company attributed the decline to seasonal public-fund reductions. Tangible book value per diluted share, a non-GAAP measure, increased 0.7% sequentially.

21 points · 0 major

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Positive

• Moderate pointNet income of $16.9 million exceeded $16.3 million last quarter and $16.0 million a year earlier.
• Moderate pointTax-equivalent net interest income reached $45.1 million, versus $44.2 million sequentially and $43.6 million a year earlier.
• Moderate pointNet interest margin reached 4.42%, up seven basis points sequentially and eight basis points year over year.
• Moderate pointNonperforming assets fell to $9.7 million at September 30, versus $13.4 million June 30 and $10.5 million December 31.
• Minor pointDiluted EPS of $0.99 exceeded $0.95 last quarter and $0.93 a year earlier.

16 minor points

• Minor pointReturn on assets reached 1.53%, versus 1.48% last quarter and 1.47% a year earlier.
• Minor pointReturn on equity reached 11.67%, versus 11.38% last quarter and unchanged year over year.
• Minor pointCost of funds fell to 73 basis points, down two sequentially and five year over year.
• Minor pointDeposit costs reached 74 basis points, versus 76 last quarter and 80 a year earlier, including noninterest-bearing accounts.
• Minor pointCredit-loss provision benefit was $0.1 million, versus expenses of $0.9 million sequentially and $1.9 million a year earlier.
• Minor pointNoninterest expense fell to $42.3 million, down 0.8% sequentially and 1.4% year over year.
• Minor pointNine-month tax-equivalent net interest income rose to $132.2 million from $128.4 million in 2025.
• Minor pointNine-month net interest margin rose six basis points year over year to 4.34%.
• Minor pointNine-month credit-loss provision expense fell to $1.6 million from $3.3 million in 2025.
• Minor pointNine-month effective tax rate fell to 23.5% from 24.2%, reflecting solar tax-credit investment benefits.
• Minor pointNonperforming assets represented 0.22% of total assets, versus 0.30% June 30 and 0.24% December 31.
• Minor pointAnnualized quarterly net loan charge-offs were eight basis points, versus 14 sequentially and 18 a year earlier.
• Minor pointNine-month net loan charge-offs were 11 basis points, versus 12 in the same 2025 period.
• Minor pointClassified loans of $20.8 million fell $9.0 million from June 30 but rose $6.5 million from December 31.
• Minor pointAverage core deposits increased $32.6 million from the second quarter, primarily money-market and noninterest-bearing checking accounts.
• Minor pointTangible book value per diluted share increased $0.19, or 0.7%, sequentially; this is a non-GAAP measure.

Negative

• Moderate pointNoninterest income fell to $19.4 million, down 5.9% sequentially and 13.2% year over year.
• Moderate pointAverage loans held for investment fell $10.3 million, or 0.4%, sequentially and $72.5 million, or 2.8%, versus fourth-quarter 2025.
• Moderate pointAverage deposits fell $31.2 million, or 0.9%, sequentially to $3.648 billion, primarily reflecting seasonal public-fund reductions.
• Moderate pointInvestment-security losses equaled 3.2% of book value after tax across available-for-sale and held-to-maturity portfolios.
• Minor pointNine-month noninterest income fell 3.8% year over year to $59.9 million, primarily reflecting lower wealth-management fees.

5 minor points

• Minor pointNine-month noninterest expense rose 1.7% year over year to $126.3 million, reflecting higher property-related and occupancy expenses.
• Minor pointQuarter-end loans held for investment fell $10.1 million, or 0.4%, from June 30; down 2.2% from December 31.
• Minor pointAverage earning assets fell $30.6 million, or 0.8%, sequentially to $4.038 billion; up 0.1% versus fourth-quarter 2025.
• Minor pointQuarter-end deposits fell $54.4 million, or 1.5%, from June 30 to $3.667 billion.
• Minor pointLoan-loss allowance fell to $30.4 million from $31.0 million June 30; coverage declined to 1.22% from 1.24%.

Key Figures

Net income: $16.9 million Diluted EPS: $0.99 Tax-equivalent net interest income: $45.1 million +5 more

Net income

$16.9 million

Q3 2026; compared with $16.3 million in Q2 2026 and $16.0 million in Q3 2025

Diluted EPS

$0.99

Q3 2026; compared with $0.95 in Q2 2026 and $0.93 in Q3 2025

Tax-equivalent net interest income

$45.1 million

Q3 2026; compared with $44.2 million in Q2 2026 and $43.6 million in Q3 2025

Net interest margin

4.42%

Q3 2026; increased 7 basis points QoQ and 8 basis points YoY

Provision for credit losses

$0.1 million benefit

Q3 2026; compared with expenses of $0.9 million in Q2 2026 and $1.9 million in Q3 2025

Noninterest income

$19.4 million

Q3 2026; decreased $1.2 million, or 5.9%, from Q2 2026

Noninterest expense

$42.3 million

Q3 2026; decreased $0.3 million, or 0.8%, from Q2 2026

Nonperforming assets as a percentage of total assets

0.22%

At September 30, 2026; compared with 0.30% at June 30, 2026

Previous Earnings Reports

2 past events · Latest: Jul 21

Same Type 2 events

1. Jul 21

   Q2 earnings

   24h Move

   +3.8%

   Reported $16.3 million net income and 4.35% net interest margin, establishing the prior-quarter comparison.

2. Oct 21

   Q3 earnings

   24h Move

   -2.0%

   Reported $16.0 million net income and 4.34% net interest margin, establishing the year-ago comparison.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net interest margin, allowance for credit losses, available-for-sale, nonaccrual loans

4 terms

net interest margin financial

"Our net interest margin for the third quarter of 2026 was 4.42%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

allowance for credit losses financial

"the allowance for credit losses for loans HFI totaled $30.4 million"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

available-for-sale financial

"the available-for-sale portfolio had a net unrealized after-tax loss"

A classification for bonds, stocks or other investments that a company plans to keep but might sell before they reach full term. Think of it like items a shop keeps on a shelf for potential sale: their market value can go up or down while the company holds them, and those unrealized gains or losses are shown separately from operating profit until they are sold. Investors watch this because large swings can change a company’s reported net worth and signal how much flexibility it has to raise cash quickly.

nonaccrual loans financial

"Nonperforming assets (nonaccrual loans and other real estate)"

Nonaccrual loans are loans a lender has stopped counting toward interest income because the borrower is overdue or unlikely to pay; the lender only records cash payments received and may set aside extra funds to cover potential losses. For investors, a rising number or amount of nonaccrual loans signals weaker credit quality, lower future interest revenue and larger potential write-downs — similar to pausing expected subscription income when many customers stop paying.

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TALLAHASSEE, Fla. , Oct. 20, 2026 (GLOBE NEWSWIRE) -- Capital City Bank Group, Inc. (NASDAQ: CCBG) today reported net income attributable to common shareowners of $16.9 million, or $0.99 per diluted share, for the third quarter of 2026 compared to $16.3 million, or $0.95 per diluted share, for the second quarter of 2026, and $16.0 million, or $0.93 per diluted share, for the third quarter of 2025.

Return on Assets was 1.53% and Return on Equity was 11.67% for the third quarter of 2026 compared to 1.48% and 11.38%, respectively, for the second quarter of 2026, and 1.47% and 11.67%, respectively, for the third quarter of 2025.

QUARTER HIGHLIGHTS (3^rd Quarter 2026 versus 2^nd Quarter 2026)

Income Statement

• Tax-equivalent net interest income totaled $45.1 million compared to $44.2 million for the prior quarter and reflected one additional calendar day in the third quarter
  • Net interest margin increased 7 basis points to 4.42% (earning asset yield increased 4 basis points to 5.15% and cost of funds decreased 2 basis points to 73 basis points)
• Credit loss provision decreased $1.0 million - net loan charge-offs of 8 basis points (annualized) of average loans - allowance coverage ratio decreased two basis points to 1.22% at September 30, 2026
• Noninterest income decreased $1.2 million, or 5.9%, driven by lower mortgage banking revenues and deposit fees
• Noninterest expense decreased $0.3 million, or 0.8%, primarily due to lower compensation expense of $0.2 million
  
  

Balance Sheet

• Loan balances decreased $10.3 million, or 0.4% (average), and decreased $10.1 million, or 0.4% (end of period)
• Improved credit quality - total nonperforming assets of $9.7 million (22 basis points of total assets) at September 30, 2026, a $3.7 million decrease from the prior quarter  
• Deposit balances decreased $31.2 million, or 0.9% (average), and decreased $54.4 million, or 1.5% (end of period) due to the normal seasonal decrease in our public fund balances
• Investment security loss AFS and HTM of 3.2% (after-tax) of book value – total security portfolio duration of 2.6 years   
• Tangible book value per diluted share (non-GAAP financial measure) increased $0.19, or 0.7%, and reflected the negative impact of higher bond interest rates on our quarter-end AFS fair value AOCI adjustment
  

“The third quarter delivered strong earnings and solid momentum across our Company,” said William G. Smith, Jr., Chairman and Chief Executive Officer. “Continued net interest margin expansion and improved credit quality contributed meaningfully to our third quarter results. We remain well positioned to build on this momentum and finish the year strong.”

Discussion of Operating Results

Net Interest Income/Net Interest Margin

Tax-equivalent net interest income for the third quarter of 2026 totaled $45.1 million, compared to $44.2 million for the second quarter of 2026, and $43.6 million for the third quarter of 2025. Compared to the second quarter of 2026, the increase was primarily attributable to higher income from investment securities and loan interest income, in addition to lower deposit interest expense, partially offset by lower overnight funds income due to lower average balances. The increase in investment securities income reflected new investment purchases at higher rates and higher balances as we deploy additional liquidity into the investment security portfolio. The decrease in deposit interest expense was primarily driven by lower average balances on seasonal public funds accounts and lower rates on time deposits. One additional calendar day also contributed to the increase over the second quarter of 2026. The increase over the third quarter of 2025 was also driven by the same aforementioned factors.

For the first nine months of 2026, tax-equivalent net interest income totaled $132.2 million compared to $128.4 million for the same period of 2025. The increase was primarily attributable to higher investment securities income and lower deposit interest expense, partially offset by lower loan interest income and overnight funds income. New investment purchases at higher yields and higher balances drove the increase in investment securities income. The decrease in deposit interest expense was primarily attributable to lower rates across several product lines. Lower average loan balances contributed to the decrease in loan interest income, while the decrease in overnight funds income reflected the deployment of more liquidity into the investment portfolio as well as a lower average overnight funds rate.

Our net interest margin for the third quarter of 2026 was 4.42%, an increase of seven basis points over the second quarter of 2026 and an increase of eight basis points over the third quarter of 2025. For the first nine months of 2026, our net interest margin increased by six basis points to 4.34% compared to the same period of 2025. The increase in net interest margin over all prior periods was largely attributable to higher investment security yield driven by new purchases at higher rates and lower deposit costs. For the third quarter of 2026, our cost of funds was 73 basis points, a decrease of two basis points from the second quarter of 2026 and five basis points from the third quarter of 2025. Our cost of deposits (including noninterest bearing accounts) was 74 basis points, 76 basis points, and 80 basis points, respectively, for the same periods.

Provision for Credit Losses 

We recorded a provision benefit for credit losses of $0.1 million for the third quarter of 2026, compared to a provision expense of $0.9 million for the second quarter of 2026 and $1.9 million for the third quarter of 2025. For the first nine months of 2026, we recorded a provision expense for credit losses of $1.6 million compared to $3.3 million for the same period of 2025. Activity within the components of the provision (loans held for investment (“HFI”) and unfunded loan commitments) for each reported period is provided in the table on page 10. We discuss the various factors that impacted our provision expense for Loans HFI in further detail below under the heading Allowance for Credit Losses.

Noninterest Income and Noninterest Expense

Noninterest income for the third quarter of 2026 totaled $19.4 million, a $1.2 million, or 5.9%, decrease from the second quarter of 2026 and a $2.9 million, or 13.2%, decrease from the third quarter of 2025. The decrease from the second quarter of 2026 was attributable to decreases in mortgage banking revenues of $1.0 million, deposit fees of $0.5 million and other income of $0.2 million partially offset by a $0.5 million increase in wealth management fees. The decrease in mortgage banking revenues was primarily due to lower production volume and the decrease in deposit fees reflected lower overdraft fees attributable to processing changes that better align with industry practices. The increase in wealth management fees was primarily due to higher retail brokerage fees.

The decrease from the third quarter of 2025 was driven by decreases in mortgage banking revenues of $1.1 million, deposit fees of $0.7 million, other income of $0.7 million and wealth management fees of $0.5 million, partially offset by an increase in bank card fees of $0.1 million. The decrease in mortgage banking revenues was due to lower production volume and gain on sale margin. The decrease in deposit fees reflected lower overdraft fees. The decrease in other income reflected a $0.7 million gain from the sale of our insurance subsidiary in the third quarter of 2025 – the advisors at this subsidiary also serviced retail brokerage clients which drove the decline in wealth management fees.

For the first nine months of 2026, noninterest income totaled $59.9 million, a $2.3 million, or 3.8%, decrease from the same period of 2025, attributable to decreases in wealth management fees of $3.3 million partially offset by increases in other income of $0.7 million and bank card fees of $0.3 million. The decrease in wealth management fees was attributable to decreases in retail brokerage fees (due to lower assets under management) and lower insurance commissions (attributable to the aforementioned sale of our insurance subsidiary). The increase in other income was primarily attributable to increases in other fees/commissions of $0.3 million and bank owned life insurance income of $0.2 million. The increase in bank card fees reflected higher card volume.

Noninterest expense for the third quarter of 2026 totaled $42.3 million, a $0.3 million, or 0.8%, decrease from the second quarter of 2026 and a $0.6 million, or 1.4%, decrease from the third quarter of 2025. The decrease from the second quarter of 2026 was primarily attributable to decreases in compensation expense of $0.2 million (commission expense) and other expense of $0.1 million. A $0.5 million decrease in other real estate expense that was partially offset by a $0.3 million increase in telephone expense drove the variance in other expense. The decrease from the third quarter of 2025 was also driven by the same aforementioned factors.

For the first nine months of 2026, noninterest expense totaled $126.3 million, a $2.2 million, or 1.7%, increase over the same period of 2025 and reflected increases in other expense of $3.0 million and occupancy expense of $0.8 million partially offset by a $1.6 million decrease in compensation expense. The increase in other expense was primarily due to a $3.9 million increase in ORE expense, reflecting lower gains on property sales compared to the prior year period, which included a significant gain from the sale of our operations center building in the first quarter of 2025. Lower charitable contribution expense of $0.6 million and professional fee expense of $0.6 million partially offset the increase. The increase in occupancy expense reflected higher expense for FF&E maintenance agreements and software licenses. The decrease in compensation expense reflected lower salary expense of $1.1 million and associate benefit expense of $0.5 million. Lower commission expense drove the decline in salary expense and the decrease in associate benefit expense was primarily attributable to lower stock based compensation.      

Income Taxes

We realized income tax expense of $5.2 million (effective rate of 23.6%) for the third quarter of 2026, compared to $5.0 million (effective rate of 23.4%) for the second quarter of 2026 and $5.1 million (effective rate of 24.4%) for the third quarter of 2025. For the first nine months of 2026, we realized income tax expense of $15.0 million (effective rate of 23.5%) compared to $15.3 million (effective rate of 24.2%) for the same period of 2025. Tax benefits accrued from a solar tax credit investment in 2026 drove the decrease in our effective tax rate compared to the prior year periods. Absent discrete items or new tax credit investments, we expect our annual effective tax rate to approximate 23-24% for 2026.

Discussion of Financial Condition

Earning Assets

Average earning assets totaled $4.038 billion for the third quarter of 2026, a decrease of $30.6 million, or 0.8%, from the second quarter of 2026, and an increase of $2.4 million, or 0.1% over the fourth quarter of 2025. Compared to the second quarter of 2026, the change in earning asset mix reflected a $27.2 million decrease in overnight funds, a $10.3 million decrease in loans held for investment, and a $3.5 million decrease in loans held for sale (“HFS”), partially offset by a $10.5 million increase in investment securities. Compared to the fourth quarter of 2025, the change reflected a $171.8 million increase in investment securities and a $2.7 million increase in loans HFS, partially offset by a $99.7 million decrease in overnight funds and a $72.5 million decrease in loans held for investment.

Average loans HFI decreased by $10.3 million, or 0.4% from the second quarter of 2026, and decreased by $72.5 million, or 2.8% from the fourth quarter of 2025. Compared to the second quarter of 2026, the decline was primarily attributable to decreases in commercial real estate loans of $8.4 million, residential real estate loans of $4.5 million, and construction loans of $3.7 million, partially offset by increases in consumer loans (primarily indirect auto) of $2.2 million, home equity loans of $2.0 million, and commercial loans of $1.5 million. Compared to the fourth quarter of 2025, the decline was primarily attributable to decreases in residential real estate loans of $35.2 million, commercial real estate loans of $33.0 million, construction loans of $7.8 million, commercial loans of $5.1 million, and consumer loans of $0.7 million, partially offset by increases in home equity loans of $7.9 million.

Loans HFI at September 30, 2026, decreased $10.1 million, or 0.4% from June 30, 2026, and decreased $56.4 million, or 2.2% from December 31, 2025. Compared to June 30, 2026, the decline was primarily attributable to decreases in commercial real estate loans of $14.3 million, commercial loans of $4.4 million, and other loans of $2.3 million, partially offset by increases in residential real estate loans of $5.9 million, consumer loans (primarily indirect auto) of $3.2 million, home equity loans of $1.7 million, and construction loans of $0.2 million. Compared to December 31, 2025, the decline was primarily attributable to decreases in commercial real estate loans of $32.4 million, residential real estate loans of $16.9 million, commercial loans of $12.2 million, and other loans of $4.4 million, partially offset by increases in home equity loans of $5.2 million, construction loans of $2.4 million, and consumer loans (primarily indirect auto) of $1.7 million.

Allowance for Credit Losses

At September 30, 2026, the allowance for credit losses for loans HFI totaled $30.4 million compared to $31.0 million at June 30, 2026 and $31.0 million at December 31, 2025. Activity within the allowance is provided on page 10. The decline in the allowance reflected improved credit quality metrics and a lower level of net loan charge-offs of 8 basis points of average loans for the third quarter of 2026 versus 14 basis points for the second quarter of 2026 and 18 basis points for the third quarter of 2025. Net loan charge-offs for the nine months ended September 30, 2026 were 11 basis points compared to 12 basis points for the same period of 2025. At September 30, 2026, the allowance represented 1.22% of loans HFI compared to 1.24% at June 30, 2026, and 1.22% at December 31, 2025.

Credit Quality

Nonperforming assets (nonaccrual loans and other real estate) totaled $9.7 million at September 30, 2026, compared to $13.4 million at June 30, 2026 and $10.5 million at December 31, 2025. At September 30, 2026, nonperforming assets as a percentage of total assets was 0.22%, compared to 0.30% at June 30, 2026 and 0.24% at December 31, 2025. Nonaccrual loans totaled $7.4 million at September 30, 2026, a $2.7 million decrease from June 30, 2026 and a $1.2 million decrease from December 31, 2025. Other real estate totaled $2.4 million at September 30, 2026, a $1.1 million decrease from June 30, 2026 and a $0.4 million increase over December 31, 2025. Further, classified loans totaled $20.8 million at September 30, 2026, a $9.0 million decrease from June 30, 2026 and a $6.5 million increase over December 31, 2025.

Deposits

Average total deposits were $3.648 billion for the third quarter of 2026, a decrease of $31.2 million, or 0.9%, from the second quarter of 2026, and comparable to the fourth quarter of 2025. Compared to the second quarter of 2026, the decrease was primarily due to lower public funds balances of $63.8 million (primarily NOW accounts) due to the seasonal reduction in those balances, partially offset by higher core account balances of $32.6 million (primarily money market and noninterest bearing checking).

At September 30, 2026, total deposits were $3.667 billion, a decrease of $54.4 million, or 1.5% from June 30, 2026, and an increase of $4.3 million, or 0.1% over December 31, 2025. The decrease from June 30, 2026, was driven by lower public funds balances of $58.3 million (primarily NOW accounts), partially offset by an increase in core deposit balances of $3.9 million (primarily money market accounts). The increase over December 31, 2025 reflected core deposit growth of $155.8 million, partially offset by lower public funds balances of $151.5 million. Total public funds balances were $503.2 million at September 30, 2026, $561.5 million at June 30, 2026, and $654.7 million at December 31, 2025, respectively.

Liquidity

The Bank maintained an average net overnight funds (i.e., deposits with banks plus FED funds sold, less FED funds purchased) sold position of $337.9 million in the third quarter of 2026 compared to $365.1 million in the second quarter of 2026 and $437.5 million in the fourth quarter of 2025. Compared to the second quarter of 2026, the variance reflected lower average deposits and the deployment of excess liquidity into the investment security portfolio. Compared to the fourth quarter of 2025, the variance was driven by the deployment of excess liquidity into the investment security portfolio.

We also view our investment portfolio as a liquidity source as we have the option to pledge securities in our portfolio as collateral for borrowings or deposits and/or to sell selected securities in our portfolio. Our portfolio consists of debt issued by the U.S. Treasury, U.S. governmental agencies, municipal governments, and corporate entities. At September 30, 2026, the weighted-average maturity and duration of our portfolio were 2.98 years and 2.63 years, respectively, and the available-for-sale portfolio had a net unrealized after-tax loss of $23.1 million, or 2.7% of book value.
  
At September 30, 2026, we had the ability to generate approximately $1.745 billion (excludes overnight funds position of $340 million) in additional liquidity through various sources including various federal funds purchased lines, Federal Home Loan Bank borrowings, the Federal Reserve Discount Window, and brokered deposits.

Capital

Shareowners’ equity was $573.9 million at September 30, 2026, compared to $570.1 million at June 30, 2026, and $552.9 million at December 31, 2025. For the first nine months of 2026, shareowners’ equity was positively impacted by net income of $49.0 million, the issuance of stock of $3.5 million, and stock compensation accretion of $1.5 million. Shareowners’ equity was reduced by common stock dividends of $13.9 million ($0.81 per share), repurchases of our common stock of $2.6 million (63,088 shares), net adjustments totaling $2.5 million related to transactions under our stock-based compensation plans, and an unfavorable net change of $14.0 million in accumulated other comprehensive loss due to an unfavorable fair value mark on investment securities driven by higher bond rates.

At September 30, 2026, our total risk-based capital ratio was 22.99%, compared to 22.35% at June 30, 2026, and 21.45% at December 31, 2025. Our common equity tier 1 capital ratio was 20.43%, 19.80%, and 18.56%, respectively, on these dates. Our leverage ratio was 12.31%, 11.96%, and 11.77%, respectively, on these dates. At September 30, 2026, all our regulatory capital ratios exceeded the thresholds to be designated as “well-capitalized” under the Basel III capital standards. Further, our tangible common equity ratio (non-GAAP financial measure) was 11.25% at September 30, 2026, compared to 11.03% at June 30, 2026, and 10.79% at December 31, 2025. If our unrealized held-to-maturity securities loss of $16.0 million (after-tax) was recognized in accumulated other comprehensive loss, our adjusted tangible capital ratio would be 10.88%.

About Capital City Bank Group, Inc.

Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.4 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, and securities brokerage services. Our bank subsidiary, Capital City Bank, was founded in 1895 and has 62 banking offices and 107 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., visit https://www.ccbg.com/.

FORWARD-LOOKING STATEMENTS

Forward-looking statements in this press release are based on current plans and expectations that are subject to uncertainties and risks, which could cause our future results to differ materially. The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “vision,” “goal,” “will,” “project,” “continue,” “outlook,” “approximate,” “seasonal,” “future” and similar expressions are intended to identify forward-looking statements. The following factors, among others, could cause our actual results to differ: the effects of and changes in trade and monetary and fiscal policies and laws, including the interest rate policies of the Federal Reserve Board; inflation, interest rate, market and monetary fluctuations; local, regional, national, and international economic conditions and the impact they may have on us and our clients and our assessment of that impact; supply-demand imbalances and general economic conditions affecting local real estate prices and a general deterioration in commercial real estate market fundamentals; the costs and effects of legal and regulatory developments, the outcomes of legal proceedings or regulatory or other governmental inquiries, the results of regulatory examinations or reviews and the ability to obtain required regulatory approvals; the effect of changes in laws and regulations (including laws and regulations concerning taxes, banking, securities, and insurance) and their application with which we and our subsidiaries must comply; the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as other accounting standard setters; the accuracy of our financial statement estimates and assumptions; changes in the financial performance and/or condition of our borrowers; changes in the mix of loan geographies, sectors and types or the level of non-performing assets and charge-offs; changes in estimates of future credit loss reserve requirements based upon the periodic review thereof under relevant regulatory and accounting requirements; changes in our liquidity position; the timely development and acceptance of new products and services and perceived overall value of these products and services by users; changes in consumer spending, borrowing, and saving habits; greater than expected costs or difficulties related to the integration of new products and lines of business; increased competition and its effect on deposit fees; technological changes, including the impact of generative artificial intelligence; the costs and effects of cyber incidents or other failures, interruptions, or security breaches of our systems or those of our customers or third-party providers; dispositions; acquisitions and integration of acquired businesses; impairment of our goodwill or other intangible assets; changes in the reliability of our vendors, internal control systems, or information systems; our ability to increase market share and control expenses; our ability to attract and retain qualified employees; changes in our organization, compensation, and benefit plans; the soundness of other financial institutions; volatility and disruption in national and international financial and commodity markets; changes in the competitive environment in our markets and among banking organizations and other financial service providers; action or inaction by the federal government, including tariffs or trade wars (including potential resulting reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), government intervention in the U.S. financial system; policies related to credit card interest rates, and legislative, regulatory or supervisory actions related to so-called “de-banking,” including any new prohibitions, requirements or enforcement priorities that could affect customer relationships, compliance obligations, or operational practices; the effects of natural disasters (including hurricanes), widespread health emergencies (including pandemics), military conflict (including impacts related to the conflicts in the Middle East and resulting disruptions to energy and other commodities markets and supply chains), terrorism, civil unrest, climate change or other geopolitical events; our ability to declare and pay dividends; structural changes in the markets for origination, sale and servicing of residential mortgages; any inability to implement and maintain effective internal control over financial reporting and/or disclosure control; negative publicity and the impact on our reputation; and the limited trading activity and concentration of ownership of our common stock. Additional information regarding these and other risks and uncertainties can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and our other filings with the SEC, which are available at the SEC’s internet site (https://www.sec.gov). Forward-looking statements in this Press Release speak only as of the date of the Press Release, and we assume no obligation to update forward-looking statements or the reasons why actual results could differ, except as may be required by law.

USE OF NON-GAAP FINANCIAL MEASURES
Unaudited

We present a tangible common equity ratio and a tangible book value per diluted share that removes the effect of goodwill and other intangibles resulting from merger and acquisition activity. We believe these measures are useful to investors because they allow investors to more easily compare our capital adequacy to other companies in the industry. Non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently.

The GAAP to non-GAAP reconciliations are provided below.

(Dollars in Thousands, except per share data)		Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025
Shareowners' Equity (GAAP)		$	573,862		$	570,095		$	559,912		$	552,851		$	540,635
Less: Goodwill and Other Intangibles (GAAP)			89,095			89,095			89,095			89,095			89,095
Tangible Shareowners' Equity (non-GAAP)	A		484,767			481,000			470,817			463,756			451,540
Total Assets (GAAP)			4,396,752			4,450,483			4,453,734			4,385,765			4,323,774
Less: Goodwill and Other Intangibles (GAAP)			89,095			89,095			89,095			89,095			89,095
Tangible Assets (non-GAAP)	B	$	4,307,657		$	4,361,388		$	4,364,639		$	4,296,670		$	4,234,679
Tangible Common Equity Ratio (non-GAAP)	A/B		11.25%			11.03%			10.79%			10.79%			10.66%
Actual Diluted Shares Outstanding (GAAP)	C		17,152,603			17,135,824			17,114,954			17,154,586			17,115,336
Tangible Book Value per Diluted Share (non-GAAP)	A/C	$	28.26		$	28.07		$	27.51		$	27.03		$	26.38

CAPITAL CITY BANK GROUP, INC.
EARNINGS HIGHLIGHTS
Unaudited
		Three Months Ended						Nine Months Ended
(Dollars in thousands, except per share data)		Sep 30, 2026		Jun 30, 2026		Sep 30, 2025		Sep 30, 2026		Sep 30, 2025
EARNINGS
Net Income Attributable to Common Shareowners	$	16,940	$	16,277	$	15,950	$	49,034	$	47,852
Diluted Net Income Per Share	$	0.99	$	0.95	$	0.93	$	2.86	$	2.80
PERFORMANCE
Return on Average Assets (annualized)		1.53	%	1.48	%	1.47	%	1.49	%	1.47	%
Return on Average Equity (annualized)		11.67		11.38		11.67		11.45		12.12
Net Interest Margin		4.42		4.35		4.34		4.34		4.28
Noninterest Income as % of Operating Revenue		30.10		31.79		33.89		31.22		32.67
Efficiency Ratio		65.63	%	65.76	%	65.09	%	65.76	%	65.11	%
CAPITAL ADEQUACY
Tier 1 Capital		21.74	%	21.10	%	19.33	%	21.74	%	19.33	%
Total Capital		22.99		22.35		20.59		22.99		20.59
Leverage		12.31		11.96		11.64		12.31		11.64
Common Equity Tier 1		20.43		19.80		17.73		20.43		17.73
Tangible Common Equity(1)		11.25		11.03		10.66		11.25		10.66
Equity to Assets		13.05	%	12.81	%	12.50	%	13.05	%	12.50	%
ASSET QUALITY
Allowance as % of Non-Performing Loans		412.92	%	309.72	%	368.54	%	412.92	%	368.54	%
Allowance as a % of Loans HFI		1.22		1.24		1.17		1.22		1.17
Net Charge-Offs as % of Average Loans HFI		0.08		0.14		0.18		0.11		0.12
Nonperforming Assets as % of Loans HFI and OREO		0.39		0.54		0.39		0.39		0.39
Nonperforming Assets as % of Total Assets		0.22	%	0.30	%	0.23	%	0.22	%	0.23	%
STOCK PERFORMANCE
High	$	53.60	$	51.04	$	44.69	$	53.60	$	44.69
Low		47.63		42.79		38.00		39.26		32.38
Close	$	48.33	$	49.42	$	41.79	$	48.33	$	41.79
Average Daily Trading Volume		78,025		95,532		42,187		91,046		31,559
(1) Tangible common equity ratio is a non-GAAP financial measure. For additional information, including a reconciliation to GAAP, refer to Page 9.

CAPITAL CITY BANK GROUP, INC.
CONSOLIDATED STATEMENT OF FINANCIAL CONDITION
Unaudited
	2026										2025
(Dollars in thousands)	Third Quarter				Second Quarter			First Quarter			Fourth Quarter			Third Quarter
ASSETS
Cash and Due From Banks	$	71,617		$	67,124		$	64,214		$	62,189		$	68,397
Funds Sold and Interest Bearing Deposits		340,015			412,609			424,756			467,782			397,502
Total Cash and Cash Equivalents		411,632			479,733			488,970			529,971			465,899
Investment Securities Available for Sale		862,097			853,608			800,550			643,922			577,333
Investment Securities Held to Maturity		315,142			304,460			353,296			377,446			404,659
Other Equity Securities		3,203			2,068			2,083			2,069			2,145
Total Investment Securities		1,180,442			1,160,136			1,155,929			1,023,437			984,137
Loans Held for Sale ("HFS"):		23,455			34,278			25,088			21,695			24,204
Loans Held for Investment ("HFI"):
Commercial, Financial, & Agricultural		168,144			172,536			170,268			180,341			179,018
Real Estate - Construction		149,335			149,127			156,630			146,920			156,756
Real Estate - Commercial		736,380			750,637			755,800			768,731			785,290
Real Estate - Residential		1,004,083			998,145			998,720			1,020,942			1,037,324
Real Estate - Home Equity		246,120			244,462			243,932			240,897			234,111
Consumer		184,020			180,859			179,515			182,327			185,847
Other Loans		355			2,668			12,347			4,748			2,283
Overdrafts		1,287			1,437			1,192			1,212			1,378
Total Loans Held for Investment		2,489,724			2,499,871			2,518,404			2,546,118			2,582,007
Allowance for Credit Losses		(30,369	)		(31,007	)		(30,999	)		(31,001	)		(30,202	)
Loans Held for Investment, Net		2,459,355			2,468,864			2,487,405			2,515,117			2,551,805
Premises and Equipment, Net		83,257			81,148			77,670			79,457			79,748
Goodwill and Other Intangibles		89,095			89,095			89,095			89,095			89,095
Other Real Estate Owned		2,353			3,424			1,822			1,936			1,831
Other Assets		147,163			133,805			127,755			125,057			127,055
Total Other Assets		321,868			307,472			296,342			295,545			297,729
Total Assets	$	4,396,752		$	4,450,483		$	4,453,734		$	4,385,765		$	4,323,774
LIABILITIES
Deposits:
Noninterest Bearing Deposits	$	1,331,669		$	1,344,694		$	1,299,933		$	1,251,886		$	1,303,786
NOW Accounts		1,248,073			1,282,360			1,309,527			1,322,114			1,222,861
Money Market Accounts		420,163			418,342			432,874			390,888			405,846
Savings Accounts		509,387			511,000			516,149			503,485			500,323
Certificates of Deposit		157,276			164,613			193,134			193,939			182,096
Total Deposits		3,666,568			3,721,009			3,751,617			3,662,312			3,614,912
Repurchase Agreements		7,187			7,420			4,561			22,018			25,629
Other Short-Term Borrowings		31,694			39,487			28,715			28,074			14,615
Subordinated Notes Payable		33,303			33,303			33,303			42,582			42,582
Other Long-Term Borrowings		567			567			680			680			680
Other Liabilities		83,571			78,602			74,946			77,248			84,721
Total Liabilities		3,822,890			3,880,388			3,893,822			3,832,914			3,783,139
SHAREOWNERS' EQUITY
Common Stock		171			171			171			171			171
Additional Paid-In Capital		41,516			40,821			39,854			41,650			40,067
Retained Earnings		543,611			531,291			519,632			508,443			499,176
Accumulated Other Comprehensive (Loss) Income, Net of Tax		(11,436	)		(2,188	)		255			2,587			1,221
Total Shareowners' Equity		573,862			570,095			559,912			552,851			540,635
Total Liabilities and Shareowners' Equity	$	4,396,752		$	4,450,483		$	4,453,734		$	4,385,765		$	4,323,774
OTHER BALANCE SHEET DATA
Earning Assets	$	4,033,636		$	4,106,894		$	4,124,177		$	4,059,032		$	3,987,850
Interest Bearing Liabilities		2,407,650			2,457,092			2,518,943			2,503,780			2,394,632
Book Value Per Diluted Share	$	33.46		$	33.27		$	32.71		$	32.23		$	31.59
Tangible Book Value Per Diluted Share(1)		28.26			28.07			27.51			27.03			26.38
Actual Basic Shares Outstanding		17,113			17,111			17,098			17,084			17,069
Actual Diluted Shares Outstanding		17,153			17,136			17,115			17,155			17,115
(1)Tangible book value per diluted share is a non-GAAP financial measure. For additional information, including a reconciliation to GAAP, refer to Page 9.

CAPITAL CITY BANK GROUP, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
Unaudited
		2026							2025				Nine Months Ended September 30,
(Dollars in thousands, except per share data)		Third Quarter			Second Quarter		First Quarter		Fourth Quarter		Third Quarter		2026		2025
INTEREST INCOME
Loans, including Fees	$	38,652		$	38,212	$	38,254	$	39,565	$	40,279	$	115,118	$	121,629
Investment Securities		10,640			10,260		9,055		7,768		7,188		29,955		19,674
Federal Funds Sold and Interest Bearing Deposits		3,194			3,366		3,711		4,382		3,964		10,271		11,369
Total Interest Income		52,486			51,838		51,020		51,715		51,431		155,344		152,672
INTEREST EXPENSE
Deposits		6,780			6,933		7,395		7,544		7,265		21,108		22,053
Repurchase Agreements		79			61		73		134		158		213		478
Other Short-Term Borrowings		316			349		327		217		58		992		354
Subordinated Notes Payable		293			288		398		451		383		979		1,473
Other Long-Term Borrowings		8			9		10		9		10		27		26
Total Interest Expense		7,476			7,640		8,203		8,355		7,874		23,319		24,384
Net Interest Income		45,010			44,198		42,817		43,360		43,557		132,025		128,288
Provision for Credit Losses		(80	)		919		712		1,995		1,881		1,551		3,269
Net Interest Income after Provision for Credit Losses		45,090			43,279		42,105		41,365		41,676		130,474		125,019
NONINTEREST INCOME
Deposit Fees		5,168			5,656		5,598		5,811		5,877		16,422		16,258
Bank Card Fees		3,830			3,858		3,630		3,684		3,733		11,318		11,021
Wealth Management Fees		4,640			4,185		4,051		4,525		5,173		12,876		16,142
Mortgage Banking Revenues		3,673			4,660		4,252		4,155		4,794		12,585		12,804
Other		2,073			2,240		2,402		1,928		2,754		6,715		6,027
Total Noninterest Income		19,384			20,599		19,933		20,103		22,331		59,916		62,252
NONINTEREST EXPENSE
Compensation		25,620			25,836		25,703		28,384		26,056		77,159		78,794
Occupancy, Net		7,294			7,319		7,083		7,052		7,037		21,696		20,901
Other		9,381			9,485		8,587		7,431		9,823		27,453		24,460
Total Noninterest Expense		42,295			42,640		41,373		42,867		42,916		126,308		124,155
OPERATING PROFIT		22,179			21,238		20,665		18,601		21,091		64,082		63,116
Income Tax Expense		5,239			4,961		4,848		4,896		5,141		15,048		15,264
NET INCOME	$	16,940		$	16,277	$	15,817	$	13,705	$	15,950	$	49,034	$	47,852
PER COMMON SHARE
Basic Net Income	$	0.99		$	0.95	$	0.92	$	0.80	$	0.93	$	2.87	$	2.81
Diluted Net Income		0.99			0.95		0.92		0.80		0.93		2.86		2.80
Cash Dividend	$	0.27		$	0.27	$	0.27	$	0.26	$	0.26	$	0.81	$	0.74
AVERAGE SHARES
Basic		17,113			17,101		17,129		17,070		17,068		17,114		17,050
Diluted		17,152			17,126		17,146		17,140		17,114		17,141		17,083

CAPITAL CITY BANK GROUP, INC.
ALLOWANCE FOR CREDIT LOSSES ("ACL")
AND CREDIT QUALITY
Unaudited
		2026									2025						Nine Months Ended September 30,
(Dollars in thousands, except per share data)		Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter			2026			2025
ACL - HELD FOR INVESTMENT LOANS
Balance at Beginning of Period	$	31,007		$	30,999		$	31,001		$	30,202		$	29,862		$	31,001		$	29,251
Provision for Credit Losses		(129	)		904			635			1,984			1,550			1,410			3,351
Net Charge-Offs		509			896			637			1,185			1,210			2,042			2,400
Balance at End of Period	$	30,369		$	31,007		$	30,999		$	31,001		$	30,202		$	30,369		$	30,202
As a % of Loans HFI		1.22%			1.24%			1.23%			1.22%			1.17%			1.22%			1.17%
As a % of Nonperforming Loans		412.92%			309.72%			278.19%			360.69%			368.54%			412.92%			368.54%
ACL - UNFUNDED COMMITMENTS
Balance at Beginning of Period	$	2,197		$	2,189		$	2,107		$	2,095		$	1,738		$	2,107		$	2,155
Provision for Credit Losses		44			8			82			12			357			134			(60	)
Balance at End of Period(1)	$	2,241		$	2,197		$	2,189		$	2,107		$	2,095		$	2,241		$	2,095
ACL - DEBT SECURITIES
Provision for Credit Losses	$	5		$	7		$	(5	)	$	(1	)	$	(26	)	$	7		$	(22	)
CHARGE-OFFS
Commercial, Financial and Agricultural	$	251		$	577		$	300		$	167		$	373		$	1,128		$	615
Real Estate - Construction		-			-			-			-			-			-			-
Real Estate - Commercial		-			-			-			4			-			-			-
Real Estate - Residential		9			38			-			67			12			47			69
Real Estate - Home Equity		(7	)		-			13			10			10			6			34
Consumer		825			613			852			925			954			2,290			2,733
Overdrafts		1,058			524			631			670			619			2,213			1,626
Total Charge-Offs	$	2,136		$	1,752		$	1,796		$	1,843		$	1,968		$	5,684		$	5,077
RECOVERIES
Commercial, Financial and Agricultural	$	282		$	65		$	74		$	44		$	95		$	421		$	287
Real Estate - Construction		-			-			-			-			-			-			-
Real Estate - Commercial		7			7			84			29			8			98			17
Real Estate - Residential		163			27			77			8			13			267			197
Real Estate - Home Equity		4			4			10			6			10			18			61
Consumer		401			468			579			246			369			1,448			1,306
Overdrafts		770			285			335			325			263			1,390			809
Total Recoveries	$	1,627		$	856		$	1,159		$	658		$	758		$	3,642		$	2,677
NET CHARGE-OFFS	$	509		$	896		$	637		$	1,185		$	1,210		$	2,042		$	2,400
Net Charge-Offs as a % of Average Loans HFI(2)		0.08	%		0.14	%		0.10	%		0.18	%		0.18	%		0.11	%		0.12	%
CREDIT QUALITY
Nonaccruing Loans	$	7,355		$	10,011		$	11,143		$	8,595		$	8,195
Other Real Estate Owned		2,353			3,424			1,822			1,936			1,831
Total Nonperforming Assets ("NPAs")	$	9,708		$	13,435		$	12,965		$	10,531		$	10,026
Past Due Loans 30-89 Days	$	4,187		$	2,680		$	6,643		$	7,017		$	5,468
Classified Loans
Commercial, Financial and Agricultural		407			1,479			1,660			1,650			1,514
Real Estate - Construction		1,013			379			-			-			718
Real Estate - Commercial		13,783			21,638			6,374			5,897			11,745
Real Estate - Residential		3,693			3,825			3,497			3,601			8,348
Real Estate - Home Equity		1,101			1,461			2,003			1,957			3,043
Consumer		820			1,020			1,011			1,229			1,144
Total Classified Loans		20,817			29,802			14,545			14,334			26,512
Nonperforming Loans as a % of Loans HFI		0.30%			0.40%			0.44%			0.34%			0.32%
NPAs as a % of Loans HFI and Other Real Estate		0.39%			0.54%			0.51%			0.41%			0.39%
NPAs as a % of Total Assets		0.22%			0.30%			0.29%			0.24%			0.23%
(1)Recorded in other liabilities.
(2)Annualized.

CAPITAL CITY BANK GROUP, INC.
AVERAGE BALANCE AND INTEREST RATES
Unaudited
		Third Quarter 2026								Second Quarter 2026								First Quarter 2026								Fourth Quarter 2025								Third Quarter 2025									September 2026 YTD								September 2025 YTD
(Dollars in thousands)		Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate				Average Balance			Interest		Average Rate			Average Balance			Interest		Average Rate
ASSETS:
Loans Held for Sale	$	26,993		$	420		6.17	%	$	30,505		$	500		6.57	%	$	24,716		$	404		6.63	%	$	24,261			374		6.11	%	$	25,276		$	425		6.68	%		$	27,413		$	1,324		6.46	%	$	24,226		$	1,390		7.67	%
Loans Held for Investment(1)		2,495,535			38,277		6.09			2,505,875			37,751		6.04			2,538,318			37,886		6.05			2,568,073			39,230		6.06			2,606,213			39,894		6.07				2,513,086			113,914		6.06			2,641,346			120,359		6.09
Investment Securities
Taxable Investment Securities		1,176,534			10,629		3.60			1,165,965			10,249		3.52			1,117,505			9,042		3.26			1,004,420			7,756		3.07			992,260			7,175		2.88				1,153,550			29,920		3.46			993,460			19,644		2.64
Tax-Exempt Investment Securities(1)		1,349			15		4.39			1,356			15		4.41			1,620			17		4.25			1,620			17		4.30			1,620			18		4.44				1,441			47		4.35			1,313			43		4.43
Total Investment Securities		1,177,883			10,644		3.60			1,167,321			10,264		3.52			1,119,125			9,059		3.26			1,006,040			7,773		3.08			993,880			7,193		2.88				1,154,991			29,967		3.46			994,773			19,687		2.64
Federal Funds Sold and Interest Bearing Deposits		337,862			3,194		3.75			365,126			3,366		3.70			407,679			3,711		3.69			437,536			4,382		3.97			356,161			3,964		4.42				369,967			10,271		3.71			342,094			11,369		4.44
Total Earning Assets		4,038,273		$	52,535		5.15	%		4,068,827		$	51,881		5.11	%		4,089,838		$	51,060		5.06	%		4,035,910		$	51,759		5.08	%		3,981,530		$	51,476		5.12	%			4,065,457		$	155,476		5.11	%		4,002,439		$	152,805		5.10	%
Cash and Due From Banks		70,540								64,337								63,079								67,291								65,085									66,013								68,074
Allowance for Credit Losses		(31,607	)							(31,602	)							(31,545	)							(30,922	)							(30,342	)								(31,585	)							(30,282	)
Other Assets		309,290								305,809								297,532								294,757								301,678									304,254								300,788
Total Assets	$	4,386,496							$	4,407,371							$	4,418,904							$	4,367,036							$	4,317,951								$	4,404,139							$	4,341,019
LIABILITIES:
Noninterest Bearing Deposits	$	1,316,425							$	1,308,276							$	1,282,988							$	1,303,266							$	1,314,560								$	1,302,686							$	1,324,753
NOW Accounts		1,224,587		$	3,804		1.23	%		1,263,616		$	3,938		1.25	%		1,302,894		$	4,221		1.31	%		1,235,961		$	4,055		1.30	%		1,198,124		$	3,782		1.25	%			1,263,412		$	11,963		1.27	%		1,224,402		$	11,386		1.24	%
Money Market Accounts		433,430			1,964		1.80			419,983			1,857		1.77			403,340			1,752		1.76			415,577			1,977		1.89			416,656			2,090		1.99				419,028			5,573		1.78			422,817			6,617		2.09
Savings Accounts		511,313			102		0.08			513,815			100		0.08			509,351			132		0.10			501,080			157		0.12			503,189			159		0.13				511,500			334		0.09			506,255			509		0.13
Time Deposits		161,771			910		2.23			173,086			1,038		2.41			192,443			1,290		2.72			191,626			1,355		2.80			179,802			1,234		2.72				175,655			3,238		2.46			174,418			3,541		2.71
Total Interest Bearing Deposits		2,331,101			6,780		1.15			2,370,500			6,933		1.17			2,408,028			7,395		1.25			2,344,244			7,544		1.28			2,297,771			7,265		1.25				2,369,595			21,108		1.19			2,327,892			22,053		1.27
Total Deposits		3,647,526			6,780		0.74			3,678,776			6,933		0.76			3,691,016			7,395		0.81			3,647,510			7,544		0.82			3,612,331			7,265		0.80				3,672,281			21,108		0.77			3,652,645			22,053		0.81
Repurchase Agreements		14,160			79		2.20			10,917			61		2.24			15,789			73		1.88			20,690			134		2.57			21,966			158		2.86				13,616			213		2.09			24,752			478		2.58
Other Short-Term Borrowings		31,532			316		3.98			33,545			349		4.17			27,836			327		4.76			20,954			217		4.09			12,753			58		1.82				30,984			992		4.28			10,251			354		4.62
Subordinated Notes Payable		33,303			293		3.45			33,303			288		3.42			41,620			398		3.83			42,582			451		4.15			42,582			383		3.52				36,045			979		3.58			49,113			1,473		3.95
Other Long-Term Borrowings		567			8		5.55			660			9		5.78			680			10		5.68			680			9		5.55			681			10		5.55				635			27		5.68			755			26		4.50
Total Interest Bearing Liabilities		2,410,663		$	7,476		1.23	%		2,448,925		$	7,640		1.25	%		2,493,953		$	8,203		1.33	%		2,429,150		$	8,355		1.36	%		2,375,753		$	7,874		1.32	%			2,450,875		$	23,319		1.27	%		2,412,763		$	24,384		1.35	%
Other Liabilities		83,642								76,331								74,300								78,520								85,422									78,126								75,664
Total Liabilities		3,810,730								3,833,532								3,851,241								3,810,936								3,775,735									3,831,687								3,813,180
SHAREOWNERS' EQUITY:		575,766								573,839								567,663								556,100								542,216									572,452								527,839
Total Liabilities, Temporary Equity and Shareowners' Equity	$	4,386,496							$	4,407,371							$	4,418,904							$	4,367,036							$	4,317,951								$	4,404,139							$	4,341,019
Interest Rate Spread				$	45,059		3.92	%				$	44,241		3.86	%				$	42,857		3.72	%				$	43,404		3.72	%				$	43,602		3.81	%					$	132,157		3.83	%				$	128,421		3.75	%
Interest Income and Rate Earned(1)					52,535		5.15						51,881		5.11						51,060		5.06						51,759		5.08						51,476		5.12							155,476		5.11						152,805		5.10
Interest Expense and Rate Paid(2)					7,476		0.73						7,640		0.75						8,203		0.81						8,355		0.82						7,874		0.78							23,319		0.77						24,384		0.81
Net Interest Margin				$	45,059		4.42	%				$	44,241		4.35	%				$	42,857		4.24	%				$	43,404		4.26	%				$	43,602		4.34	%					$	132,157		4.34	%				$	128,421		4.28	%
(1)Interest and average rates are calculated on a tax-equivalent basis using a 21% Federal tax rate.
(2)Rate calculated based on average earning assets.

For Information Contact:
Jep Larkin
Executive Vice President and Chief Financial Officer
850.402. 8450

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Capital City Bank Group's third-quarter 2026 earnings?

Capital City Bank Group earned $16.9 million attributable to common shareowners, or $0.99 per diluted share, in the third quarter of 2026. That compares with $16.3 million, or $0.95 per diluted share, in the second quarter and $16.0 million, or $0.93 per diluted share, a year earlier.

Why did CCBG's noninterest income decline in the third quarter of 2026?

CCBG's sequential noninterest income decline reflected lower mortgage-banking revenue, deposit fees and other income, partly offset by higher wealth-management fees. Mortgage-banking revenue fell $1.0 million as production volume declined. Deposit fees fell $0.5 million, reflecting lower overdraft fees following processing changes.

What effective tax rate does Capital City Bank Group expect for 2026?

Capital City Bank Group expects its 2026 annual effective tax rate to approximate 23–24%, absent discrete items or new tax-credit investments. Its third-quarter effective tax rate was 23.6%, compared with 23.4% in the second quarter and 24.4% a year earlier.